It was pretty much a downward trend all day today as our market gave up about 0.8%, with the more volatile Materials and Metals/Mining sectors the main culprits, down 1.5 and 1.6% respectively. Momentum is now starting to turn down as the broader market is really struggling for upward traction. Peter normally posts an XJO review on Friday so his take will be must reading. Overnight, the major US indices closed fairly flat, the Nasdaq a little stronger as it continues its momentum into territory not seen since 2000. Our market suffered today, however, as the US futures have been down during their night session, around half a percent at the time of writing.

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